Is Fidelity actually good? That's what my employer uses. If I invest 4% they'll match with 2%.
It's not on all their funds, but yes, Fidelity just recently (like, in the past 2-3 months?) lowered a lot of their fees to be competitive with Vanguard.Fidelity recently lowered, or will be, all of their expense ratios on many funds.
Its not like you have a choice in the matter or you end up losing the 50% the company is giving you.
I have Prudential and company matches 7% up to 10% of my yearly salary or whatever the max is. So yeah I could go out and do up a second IRA or whatever, but the company one is Prudential.
The health system my wife works for switched their match to a % they put into the account for you whether you participate or not, which benefits a lot of people who don't ever contribute to their retirement plan this way they'll have some savings building up even if they don't pay any attention to it. For Americans who are such crappy savers it's probably the better way to go about it but lots of companies would rather save the money of their employees not participating
Just roll it over to Vanguard once the company matches funds. Yes you do have a choice.
Speaking of, I have a feeling that the majority of next gen old people after the baby boomers and forward will be in deep shit because so many just dont do shit for retirement savings. And this is not the 70s and 80s where you got pensions and shit.
Speaking of, I have a feeling that the majority of next gen old people after the baby boomers and forward will be in deep shit because so many just dont do shit for retirement savings. And this is not the 70s and 80s where you got pensions and shit.
My brother in law is about to retire from Ford, he got in at the age of 18 in a parts depot running parts, then worked his way up to a skilled trades hydraulic guy working on presses and shit. Well hes only got like 2 more years and the fucker is out with full 30 yrs and full pension.
US savings rate is really bad, and the dot com crash then the 09 crash disenfranchised many people, mom and pop participating in the market has not recovered. Read yesterday one in eight households have a negative net worth
I thought it was Gen X that are next in line, right?
I thought it was Gen X that are next in line, right?